Which of the Following Statements Is (Are) TRUE, Assuming the Firm

question 2

Multiple Choice

Which of the following statements is (are) TRUE, assuming the firm is choosing the optimal bundle of inputs that minimizes the cost of producing a given quantity of output?
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I. The marginal product per dollar spent on labor equals the marginal product per dollar spent on capital.
II. AP_L = APK
III.
IV. MP_L × W = MP_K × R
​

• A) I and II
• B) I, II, III, and IV
• C) IV
• D) I and III

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Definitions:

Plasma Membrane

The semi-permeable membrane that surrounds the cytoplasm of a cell, controlling the movement of substances in and out.

Membrane-Bound Receptors

Proteins located on the cell surface involved in transmitting signals from the outside to the inside of the cell.

Receptor Sites

Specific locations on cell membranes or within cells where particular molecules, such as hormones or neurotransmitters, can bind and elicit a physiological response.

Plasma Membrane

The plasma membrane is the biological membrane that separates the interior of all cells from the outside environment, controlling the movement of substances in and out of cells.